He will also receive stock units in a long-term equity grant valued at $14.4 million, as well as a performance grant of $17 million in Intel shares. Both grants will vest over a period of five years, although Tan won't earn any of those shares if Intel's stock price drops over the next three years. He can earn more stock if the company's share price outperforms the market.
Tan will receive a package of stock options worth $9.6 million, as well as a new hire option grant worth $25 million.
In total, Tan's compensation package has about $66 million in long-term equity awards and options in addition to salary, bonuses, and legal expenses. If Intel goes through a change of control, Tan could be eligible for accelerated vesting, according to the filing.